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Catalytic Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 852417261 ✦ Christiansburg, VA ✦ Designated as a 501(c)(3)

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Overview

What is Catalytic Foundation?

Catalytic Foundation, located in Christiansburg, Virginia, is a nonprofit organization with a team of five dedicated individuals. Their primary mission is to support and facilitate the development of a major nationwide ministry called The Great Awakening Project - GAP. This involves providing monthly operations, communications, and technology services, as well as conducting strategic planning meetings and conferences. Their role is instrumental in establishing the necessary infrastructure for this nationwide ministry.


Official website here: www.catalyticfoundation.org

Is Catalytic Foundation legitimate?

Catalytic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalytic Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $180,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,673

For more financial information, click here


Official website here: www.catalyticfoundation.org

What is the mission statement of Catalytic Foundation?

The Catalytic Foundation's mission is centered around constructing the necessary infrastructure for a nationwide ministry known as The Great Awakening Project - GAP, and providing regular operational support. This involves offering various services such as executive and communication services, basic technology support, and participating in strategic planning meetings and conferences. The primary goal is to ensure the smooth functioning of this major nationwide ministry.


Official website here: www.catalyticfoundation.org

Who is the CEO of Catalytic Foundation?

Michael Larkin is the Chair of Catalytic Foundation. The CEO's salary of Catalytic Foundation is $180,000 and their total compensation is $180,000.


Official website here: www.catalyticfoundation.org

What is the revenue of Catalytic Foundation?

Catalytic Foundation's revenue in 2022 was $299,559.


Official website here: www.catalyticfoundation.org

Who are the executives of Catalytic Foundation and what are their salaries?

The average compensation at Catalytic Foundation during 2022 was $41,535. There are 5 employees and 10 volunteers at Catalytic Foundation.


Here are 4 key members and their salaries (Catalytic Foundation's CEO's salary is $180,000 and their total compensation is $180,000):


Mark Simon (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margie Simon (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roxanne Larkin (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Larkin (President/Ceo)
  • Compensation: $180,000
  • Related: $0
  • Other: $0


Official website here: www.catalyticfoundation.org

Where can I find the form 990 for Catalytic Foundation?

Catalytic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.catalyticfoundation.org

Learn more at the official website: www.catalyticfoundation.org

Mission Statement of Catalytic Foundation

Catalytic Foundation's mission revolves around constructing the necessary infrastructure for a significant nationwide ministry, known as the Great Awakening Project (GAP). This foundation's primary objective is to provide continuous operational support for this project. By doing so, they aim to ensure its smooth functioning on a monthly basis. Furthermore, Catalytic Foundation offers various services to its clients, including executive services, communications support, basic technology assistance, and strategic planning meetings and conferences. These services are designed to support the operation of the ministry and contribute to its overall success.

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Impact




October, 2024

Catalytic Foundation plays a pivotal role in building and sustaining the infrastructure for the Great Awakening Project (GAP), a major initiative aimed at promoting spiritual revitalization nationwide. By providing essential monthly operations and executive services, the organization ensures that GAP functions smoothly and efficiently. Their communications services enhance outreach and engagement, while basic technology support helps maintain the necessary tools for effective operation.

Moreover, Catalytic Foundation organizes strategic planning meetings and conferences, fostering collaboration and innovation among stakeholders. This structured support not only aids in the operational success of GAP but also contributes to strengthening community ties and expanding the reach of the initiative. Based in Christiansburg, VA, their impact extends across the nation, facilitating a transformative movement in religious engagement and outreach.




This information is meant to be a general summary of Catalytic Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$299,559 (2022)
Expenses
$245,811 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $257,953
  • Gross Receipts: $299,559

Assets and Liabilities:

  • Total Assets: $69,526
  • Total Liabilities: $14,081
  • Net Assets: $55,445

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EXECUTIVE FEES

Revenue

$240,743

OPERATIONS OFFICE FEES

Revenue

$17,210

Organization Details

Founding Year

2020

Principal Officer

Michael Larkin

Main Address

100 W MAIN ST, CHRISTIANSBURG, VA, 24073

NTEE Category

Code: X20 - Religion related

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